Iran Faces Storage Crunch as Oil Output Cuts Loom Amid Blockade

Brief By NDTV News / 2:01 PM on 30 Apr 2026

Iran is nearing its crude storage limit, with only weeks of capacity remaining. Analysts say Tehran may further cut production after earlier reductions, as exports remain restricted by a US naval blockade. Around two million barrels per day are reportedly unable to reach global markets, raising concerns over supply disruptions.